Robinhood, the commission-free brokerage firm, reported second-quarter earnings Wednesday afternoon, which included massive year-on-year growth in both cryptocurrency transaction revenues and trading volume.

The trading platform said crypto transaction-based revenues increased to $81 million, up 161% when compared to the same period a year before. That was double what Robinhood earned in transaction revenues from equities this quarter.

Robinhood's largest revenue stream was options, which generated $327 million in the quarter, according to its filing.

The company said its digital asset "notional" trading volume rose to $21.5 billion, a 137% jump from 2023 when top tokens like bitcoin and ether were trading lower. The quarter's trading volumes were down significantly when compared to …